Determining product/market fit is often very expensive for entrepreneurs, since it amounts, essentially, to fully building out a firm's website and operational model.

Question

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Determining product/market fit typically involves conducting market research, developing prototypes, and getting feedback from potential customers, which can be done before fully building out a firm's website and operational model. This process is aimed at minimizing expenses by validating the demand for a product or service before making significant investments.

Determining Product/market Fit Is Often Very Expensive for Entrepreneurs, Since